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How do you calculate the issue/sale price of the bond? Mortars, Inc. issued $100,000, 10-year, 9% bonds that pay interest annually on January 1 when

How do you calculate the issue/sale price of the bond?image text in transcribed

Mortars, Inc. issued $100,000, 10-year, 9% bonds that pay interest annually on January 1 when the going market interest rate was 8%. The issue (sale) price of the bonds, rounded to the nearest $1, equals Read about this Your answer is correct. $190,000 $100,000 $99,996 $106,711 Challenge OK

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